2 chapters across the catalog
Large U.S. hospital chains used billions of dollars in federal COVID-19 relief funds to acquire smaller, weakened competitors and independent doctor practices. A New York Times report by Reid Abelson detailed how these bailouts facilitated market consolidation rather than just cushioning pandemic-related losses. Despite this, the Biden administration is slated to provide an additional $25 billion to healthcare providers.
Insurance Industry Rackets, Medical Reimbursement Realities
The healthcare crisis is attributed to the "banking" nature of insurance companies and the administrative burden of Electronic Medical Records (EMR). Doctors are currently reimbursed as little as $7 for a Medicare office visit and often face a 180-day expiration on collections. Large hospital corporations are responding by buying up private practices at 1.5 times valuation to control the entire medical pipeline.
